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CNB

Carnaby ResourcesASX:CNB Stock Report

Market Cap

AU$35.4m

7D

1.7%

1Y

-41.2%

Updated

25 Oct, 2021

Data

Company Financials
CNB fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends0/6

CNB Overview

Carnaby Resources Limited engages in the exploration and development of mineral properties in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Carnaby Resources
Historical stock prices
Current Share PriceAU$0.30
52 Week HighAU$0.21
52 Week LowAU$0.55
Beta1.14
1 Month Change-11.77%
3 Month Change-6.25%
1 Year Change-41.18%
3 Year Change300.00%
5 Year Change15.38%
Change since IPO22.45%

Recent News & Updates

Shareholder Returns

CNBAU Metals and MiningAU Market
7D1.7%-1.7%0.6%
1Y-41.2%10.8%21.3%

Return vs Industry: CNB underperformed the Australian Metals and Mining industry which returned 10.8% over the past year.

Return vs Market: CNB underperformed the Australian Market which returned 21.3% over the past year.

Price Volatility

Is CNB's price volatile compared to industry and market?
CNB volatility
CNB Beta1.14
Industry Beta0.97
Market Beta1

Stable Share Price: CNB is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: CNB's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2016n/aRob Watkinshttps://carnabyresources.com.au

Carnaby Resources Limited engages in the exploration and development of mineral properties in Australia. The company explores for gold and copper deposits. It holds interests in the Pilbara Gold Projects covering an area of approximately 442 square kilometers located in the Mallina Basin; Greater Duchess Copper-Gold Projects covering an area of approximately 323 square kilometers located in Mount Isa Inlier, Queensland; and the Yilgarn Margin Copper-Gold Projects located in Western Australia.

Carnaby Resources Fundamentals Summary

How do Carnaby Resources's earnings and revenue compare to its market cap?
CNB fundamental statistics
Market CapAU$35.38m
Earnings (TTM)AU$371.38k
Revenue (TTM)AU$4.38m

95.5x

P/E Ratio

8.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CNB income statement (TTM)
RevenueAU$4.38m
Cost of RevenueAU$0
Gross ProfitAU$4.38m
ExpensesAU$4.01m
EarningsAU$371.38k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.0031
Gross Margin100.00%
Net Profit Margin8.48%
Debt/Equity Ratio0%

How did CNB perform over the long term?

See historical performance and comparison

Valuation

Is Carnaby Resources undervalued compared to its fair value and its price relative to the market?

21.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CNB (A$0.3) is trading below our estimate of fair value (A$0.38)

Significantly Below Fair Value: CNB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CNB is poor value based on its PE Ratio (95.5x) compared to the Australian Metals and Mining industry average (14.6x).

PE vs Market: CNB is poor value based on its PE Ratio (95.5x) compared to the Australian market (19.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CNB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CNB is overvalued based on its PB Ratio (3.3x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Carnaby Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.5%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Carnaby Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Carnaby Resources performed over the past 5 years?

23.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CNB has high quality earnings.

Growing Profit Margin: CNB became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: CNB has become profitable over the past 5 years, growing earnings by 23.4% per year.

Accelerating Growth: CNB has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: CNB has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).


Return on Equity

High ROE: CNB's Return on Equity (3.5%) is considered low.


Financial Health

How is Carnaby Resources's financial position?


Financial Position Analysis

Short Term Liabilities: CNB's short term assets (A$7.1M) exceed its short term liabilities (A$917.9K).

Long Term Liabilities: CNB's short term assets (A$7.1M) exceed its long term liabilities (A$334.2K).


Debt to Equity History and Analysis

Debt Level: CNB is debt free.

Reducing Debt: CNB has not had any debt for past 5 years.

Debt Coverage: CNB has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CNB has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Carnaby Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CNB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CNB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CNB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CNB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CNB's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average board tenure


CEO

Rob Watkins (53 yo)

2.5yrs

Tenure

AU$262,294

Compensation

Mr. Robert Holmes Watkins, also known as Rob, BSc (Hons), MAusIMM has been Managing Director at of Carnaby Resources Limited and its Executive Director since April 23, 2019. He served as the Head of Geolog...


CEO Compensation Analysis

Compensation vs Market: Rob's total compensation ($USD196.62K) is below average for companies of similar size in the Australian market ($USD302.38K).

Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: CNB's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4%.


Top Shareholders

Company Information

Carnaby Resources Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Carnaby Resources Limited
  • Ticker: CNB
  • Exchange: ASX
  • Founded: 2016
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$35.384m
  • Shares outstanding: 117.95m
  • Website: https://carnabyresources.com.au

Location

  • Carnaby Resources Limited
  • 78 Churchill Avenue
  • Subiaco
  • Western Australia
  • 6008
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:58
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.